About Business
Watsco, Inc. is a publicly traded U.S. company, formed in 1956 and headquartered in Miami, Florida. The company is a leading distributor of electrical appliances such as air conditioning, refrigeration, and heating equipment in the U.S. It was originally formed as the manufacturer of tools and components for the HVAC/R industry. Then, the company started distribution in 1989 by acquiring Gemaire Distributors. In 1972, Albert H. Nahmad became the chairman, president, and CEO of the company. Watsco also acquired a 50.5 % interest in the Heating and Cooling Supply company in 1990. In 2009, the company formed joint ventures with the Carrier Corporation for the first time and increased its revenue.
